. >> the pushing the president clinton mum to the max. president obama repeating calls today for a 24% hike in the federal minimum wage to $9 an hour. some folks here say don't raise it, get rid of it and that will really help jobs. are they right? hi, everyone, i'm brenda buttner, this is bulls and bears. let's get right to it. here they are the bulls and bears this week, gary b smith. john layfield. jonas max ferris along with larry glazier and caroline. gary b, forget hiking the minimum wage, you say scrapping it altogether is how to get better paying jobs. >> states with the highest minimum wage in many cases, higher than the current minimum wage that the fed, federal government outlines has higher unemployment than those states with lower minimum wage. look, it's simple economics, something which this current administration doesn't understand. when you raise the cost of labor, you have a surplus of labor, that's true in comments, stocks, whatever. when you have a surplus of labor, what do you have, brenda? you have higher unemploymen